PNB Car Loan EMI Calculator
Calculate monthly EMIs for financing a new car with PNB Saarthi vehicle loan scheme.
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Official Rate Formula & Benchmark:
PNB Saarthi Auto Loans provide vehicle financing starting at 8.75% p.a. pegged to the PNB repo-linked lending benchmark.
Current official starting rate: 8.75% p.a. (Range: 8.75% – 10.50% p.a.).
PNB Car Loan EMI Calculator
Interactive calculation engine using official PNB rates
Official PNB Rate (8.75%)
₹8,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 8.75% - 10.5%20.00%
5 Years(60 mo)
1 Yr30 Yrs
Monthly EMI
₹16,510
For 5 years at 8.75% p.a. reducing balance
Principal Loan Amount₹8,00,000
Total Interest Payable₹1,90,584
Total Amount Payable₹9,90,584
Principal (80.8%)Interest (19.2%)
Calculated according to standard Indian banking methodology (Quarterly compounding for deposits, monthly reducing balance for loans).
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,33,385 | ₹64,735 | ₹1,98,120 | ₹6,66,615 |
| Year 2 | ₹1,45,536 | ₹52,584 | ₹1,98,120 | ₹5,21,079 |
| Year 3 | ₹1,58,794 | ₹39,326 | ₹1,98,120 | ₹3,62,285 |
| Year 4 | ₹1,73,259 | ₹24,861 | ₹1,98,120 | ₹1,89,026 |
| Year 5 | ₹1,89,026 | ₹9,078 | ₹1,98,104 | ₹0 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
8.75% p.a.
Effective Rate Range
8.75% – 10.50% p.a.
floating RateBenchmark Index
PNB RLLR
Applicable Conditions & Eligibility Factors:
- Up to 85% on-road funding
- Pegged to repo benchmark
Source: PNB Saarthi Auto Loan Scheme
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Up to 85% on-road funding.
- 2Pegged to repo benchmark.
Key Factors Influencing Your Rate
- •CIBIL score
- •Salary profile
Worked Numerical Example: PNB Car Loan EMI Calculator
Principal₹8,00,000
Rate Applied8.75% p.a.
Tenure5 Years
Monthly EMI₹16,510
For a ₹8,00,000 loan at 8.75% p.a. for 5 years (60 months), your monthly EMI is ₹16,510, with total interest of ₹1,90,584.
Frequently Asked Questions: PNB Car Loan EMI Calculator
- Starting rate?
- 8.75% p.a.
- Max tenure?
- Up to 7 years.